Not surprisingly, the Republicans are going to call Obama’s bluff by pushing for a short term debt ceiling extension. From Bloomberg: House Speaker John Boehner plans to press ahead with a shorter-term increase in the U.S. debt limit than President Barack Obama has requested, he told lawmakers today, defying a veto threat and signaling continued [...]

Last night the Republicans offered to do a short term increase of the debt ceiling to prevent default and President Obama angrily dismissed it, according to the Huffington Post: At issue was Cantor’s repeated push to do a short-term resolution and Obama’s insistence that he would not accept one. “Eric, don’t call my bluff. I’m [...]